The Local Chevrolet Dealership Has an Increase in Inventory of 25

question 28

Multiple Choice

The local Chevrolet dealership has an increase in inventory of 25 cars in 2009. How will the sale of all 25 cars, in 2010, affect the GDP?

• A)The value of the cars will be counted as part of GDP in 2009, but not in 2010.
• B)The value of the cars will not affect the 2009 GDP, but will be included in 2010 GDP.
• C)The value of the cars will be included both in 2009 and 2010 GDP.
• D)The value of the cars will not be included in GDP in 2009 or 2010.

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Definitions:

Comparative Negligence

A legal doctrine that reduces the amount of damages a plaintiff can recover in a negligence-based claim, based upon the degree to which the plaintiff's own negligence contributed to cause the injury.

Implied Assumption

An unstated understanding or presumption that underlies an agreement or contract, accepted as a term by the parties involved.

Risk Doctrine

A principle in law that assigns liability based on the foreseeable risk created by actions or negligence, particularly in situations where harm could have been prevented.

Action Of Negligence

A legal claim made against someone for harm caused by their failure to act as a reasonable person would under similar circumstances.